• Aurora Cannabis jumps 55 percent thanks to lockdown stockpiling

    Aurora Cannabis jumps 55 percent thanks to lockdown stockpiling

    Aurora Cannabis posted a smaller loss compared with the prior quarter as customers in the US and Canada stockpiled cannabis ahead of lockdowns, sending its US-listed shares up 13 percent after the bell on Thursday. Friday, Aurora Cannabis was trading up 55 percent, to $14.32. The Canadian pot producer sold 12,729 kilograms of cannabis in …
  • High Times owner hires Victoria’s Secret, cannabis vet as CEO

    High Times owner hires Victoria’s Secret, cannabis vet as CEO

    Financially struggling Hightimes Holding Corp. has a new CEO — its third since December. The company, which owns stoner magazine High Times, has appointed Peter Horvath, most recently CEO of Green Growth Brands, to replace Stormy Simon, who resigned Monday after four months on the job. Horvath took cannabis retailer Green Growth Brands public in …
  • Tommy Chong working to get free medical marijuana for those in need

    Tommy Chong working to get free medical marijuana for those in need

    For hemp hero Tommy Chong, the weed holiday 4/20 “is just another day for me.” From isolation, Chong, 81, told us he has a “stockpile of weed.” But “I am slowly rationing it.” The Cheech & Chong star said he’s working with the medical-marijuana community to get people pot. “There are a lot of people …
  • 4/20 blues: Pot industry struggles during coronavirus

    4/20 blues: Pot industry struggles during coronavirus

    The unofficial holiday celebrating all things marijuana is Monday, but the coronavirus pandemic has made the special day a time of melancholy. It was supposed to be a long weekend of festivals and music culminating on April 20, or 4/20, the code for marijuana’s high holiday. Instead, it has been reduced to an online replica because of stay-at-home orders …
  • Aurora Cannabis stock burned 15 percent on capital raise, reverse stock split

    Aurora Cannabis stock burned 15 percent on capital raise, reverse stock split

    Aurora Cannabis Inc.’s US-listed shares fell more than 15 percent in afternoon trading on Monday after the Canadian pot producer renewed an at-the-market offering under which it can raise as much as $350 million in equity capital. The company said its board also approved a reverse stock split of 1:12 to boost its share price …
  • Friars Club debts, vendors reportedly going unpaid

    Friars Club debts, vendors reportedly going unpaid

    The Friars has had not-so-great publicity lately. Therefore, this longtime showbiz club no longer seems as collegial as that word “friars.” When bad arithmetic got attached to their bookkeeping, the feds moved in and the members moved off. Crowds no longer came to their big-name roasts and big names no longer came to be roasted. …
  • Cannabis sales hit new highs in US and Canada

    Cannabis sales hit new highs in US and Canada

    Cannabis sales are touching new highs as customers across the US and Canada stockpile weed to prepare for long spells of isolation because of the coronavirus pandemic. Between March 16 and March 22, sales of recreational cannabis across key US markets, including California, Colorado, Oregon and Alaska, were up 50 percent and medical marijuana sales …